2 New Positions Added

Yesterday was the 3rd day for the SPY to post a higher low breaking out of our $300.00 resistance line. The Doji PBO (Pull-Back Opportunity) was between the mid and the lower band trap. The SPY looks to be drawing a bullish J-Hook continuation pattern; follow-through is still required. Yesterday the SPY also challenged and beat the July 15, high. Above $300.00 would suggest the bullishness continues to $302.75 and possible 304.20, weakness below $300.00 would suggest $298.25 and possibly the recent lows. (July 18, 19 22). IWM was the big newsmaker yesterday with a $2.65 move closing up over the wedge creating a sweet breakout. Unless we see a big sell-off a challenge of $159-$160 looks pretty good. IYT Transports are still trying to get through the downtrend line, and the VIX just seems to go lower and lower showing there is no fear in this market yet, I think there will be sooner or later. Conclusion: with minor pullbacks and profit-taking from bullish runs, the SPY remains bullish. As always trade with caution and be looking for profits.

What We're Trading

✅ We have closed our 💲INTC ahead of earning for a 49.9% profit. New positions add yesterday were XLF long call and CIEN long call. AMD closed well within the T-Bands up 7.2%, 💲BABA had sweet price action yesterday now up 24%, 💲CIEN (new buy yesterday) closed up 11.8%, CPB we are watching for possible closure. LYFT is in a bullish profit tasking pull back. OXY is building a Pop Out of The Box patterns, 💲WBA is back in the Bands up 3.4%, X showed good price action yesterday working to breakout, and finally 💲XLF broke out yesterday with a J-Hook continuation pattern and the T-Bands closing up for us 2.10%. 👉For more detail and the full list join us in the HRC trading room #1 Click Here and choose Trading Room #1 Password 8020👈

😊 Have a great trading day - Rick


For your consideration: Here are a few charts I thought should go on the watch-List, remember to trade your trade. Trade smart and wait for the QEP (QEP) Quality Entry Patterns). GPS, MYL, SRPY, CIEN, SQ, WSM, NWSA, X, BX, HAL     ✅ Check Earnings!

🎯Malcolm .: Posted in room 2, @Rick... I used the LTA Scanner to go through hundreds of stocks this weekend and picked out three to trade:  PYPL, TGT, and ZS.   Quality patterns and with my trading, up 24%, 7% and 12%.... this program is gold.

🎯 Friday 6/21/19  (10:09 am) Aaron B: Today, my account is at +190% since January. Thanks, RWO HRC Flash Malcolm Thomas Steve Ed Bob S Bob C Mike P and everyone that contributes every day. I love our job.

$50.00 discount with code: Privilege

Disclosure: We do not act on all trades we mention, and not all mentions acted on the day of the mention. All trades we mention are for your consideration only.

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DISCLAIMER: Investing / Trading involves significant financial risk and is not suitable for everyone. No communication from Hit and Run Candlesticks Inc, its affiliates or representatives is not financial or trading advice. All information provided by Hit and Run Candlesticks Inc, its affiliates and representatives are intended for educational purposes only. You are advised to test any new trading approach before implementing it.  Past performance does not guarantee future results.  Terms of Service

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